Luxembourg, 27/04/2005 (Agence Europe) - The European Court of Justice will be deciding whether a provision in the Italian legal code of 1942, still in force, and which favours public entities as shareholders in companies, is compatible with European law.
During the privatisation of the AEM (Azienda Electtrica Milanese) company, Milan council sold off a large number of its shares, leaving it with a 51% in the company instead of the previous 33%. At the same time it used a privilege...